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Hello traders good to be back with you as we are on the big FOMC day and not much expected the mover of pairs will be the news conference from FOMC Chair Yellen. Today we are looking at the NZDJPY 60 min. I really like this very bearish chart as you can see I have placed a Fibonacci tool on the chart and we are looking at support and resistance levels. I am looking for the pullback to the 61.8 level at the price of 74.78 for a possible sell with a bearish candle formation and conformation. I expect price to come back down to support at the price level of 73.80. Traders I have to say it has been a long time that I have looked at this pair and this looks like a great trade opportunity to make some profits.

Thank you traders and we will talk soon…….William

FX Instructor Forex Blog – For Traders, By Traders

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